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Online Saver

Variable interest rate

3.75
%
p.a.
On balances over $5,000
‍Terms and conditions apply

Our online savings account lets you save what you can and withdraw when you want, without fees or interest charges.

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Why us? Who it's for?What you getOur ratesFees and chargesRelated topicsOpen now

Withdraw when you want

Finder Green Awards 2023
Green Bank of the Year
Learn more
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Earn up to

3.75
%
p.a.
Variable rate
On balances over $5,000
Effective 25 September 2023
0.01
%
p.a.
Variable rate
On the portion between $1 and $4,999
Terms and conditions apply
View full rates table
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Why us?

Keep earning interest

Earn interest each month, no matter how many withdrawals you make from your online savings account.

Be the change

What if the money in your bank account helped other people and the planet? When you bank with us, it does.

The guarantee

Savings are protected by the Australian Government guarantee on combined deposits up to $250,000.

Who it's for

Our online savings account is for: 

  • People aged 13+
  • Single and joint account holders
  • People living in Australia as a permanent resident or with a relevant work visa


Is this product right for you? Find out more

What you get

StarStarStarStarStar
“Exceptional customer service”
Karen from QLD
See more on Productreview.com.au
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Online access

Use the Bank Australia app and internet banking to check your savings, pay bills and move money.

No monthly fees

With no account fees, deposit fees or online transfer fees, it’s just straightforward savings.

Instant transfers

Move money instantly with Osko. And use PayID to pay and be paid the simple way.


Joint accounts

Open an account with another person. Joint accounts are available with any of our transaction or savings accounts.

Best-in-class security

Know your money is safe with card controls, security alerts and more.

Savings buckets

Organise your savings into buckets – think ‘bills’ and ‘holidays’ – simply by opening a second Bank Australia savings account, like Bonus Saver.

Join the clean money revolution

It’s easy to open an online savings account. Get started in less than 5 minutes – all you need is your driver’s licence or passport, and your Medicare card.



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Current interest rates

Effective 25 September 2023
Balance
Interest (p.a.)
$1 - $4,999.99
0.01
%
$5,000 - $149,999.99
3.75
%
$150,000+
3.75
%

Future interest rates

Effective 3 July 2022
Balance
Interest (p.a.)
$0 – $4,999
0.01%
$5,000 – $149,000
3.75%
$150,000+
3.75%

Fees and charges

Here’s what to expect with our Online Saver: 

  • Monthly fee $0
  • Staff-assisted transaction $2.50

It pays to know. Read the Product Disclosure Document and see all rates and fees before deciding if this account is right for you.

Money, People & Planet

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See more at the Bank Australia blog
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Important information

General advice

Information provided is of a general nature only. In providing you with this information you should consider the appropriateness of this advice with regards to your particular financial situation and needs. You should consult the Product Disclosure Documents below and Target Market Determination before making a decision to apply for products with Bank Australia.

Terms, conditions, fees and charges may be applicable as outlined below.

Product disclosure documents

Account Access facility conditions of use

Fees, Charges and Transaction Limits

Summary of accounts

Savings accounts Target Market Determination